I have been attaching labels to the rear of my stands; surprising readable for 3mm-high text but still small. Recently, I have been exploring the possibilities implicit in having magnetic bases. Have a look on my "general" blog.
This might be a better way to organize formations. The association between names formations and stands would become "virtual" but OTOH it makes it easier for me to use multiple rules sets and also makes dummy stands a lot simpler. I am considering the implications of this for my WWII forces.